Mickey, your question is a good one, and unfortunately one I don't have the answer to. If there is a target out there someplace, I would guess that the company may fall short of the target. The following blurb is copied from yahoos business area. I have to believe that this item is whats causing investors to lose faith in ACAR more than the lawsuit or anything else..
"As big banks and giant credit companies get involved in the business of subprime lending, competitive pressures are exposing cracks in the
industry that have sent companies such as Mercury Finance Co and Jayhawk Acceptance ( jaccq ) reeling."
All that folks like myself can hope for is that the company has a strong management team (I believe they do)that can steer the company around this pillar. I suppose that could mean a radical change to their business plan.
I try not to get too excited about one days trading activities, but I see there's some nice sized blocks moving at this price...2 -2 1/8 today. I can see where you might be tempted for a small position here, but as a fellow investor, watching from the sidelines a bit longer may be in your best interest. Just my opinion, best of luck, stay in touch. |
